Age A company needs to determine the optimal replacement policy for a current one year old machine over the next 4 years. The company requires that a 5 year old machine be replaced. The cost of a new machine is 50,000/-. The following table gives the data of the problem. Revenue Operating Cost Salvage value 0 20,000 200 1 15,000 600 45,000 2 12,000 1.200 40,000 3 10,000 1,500 35,000 4 8,000 1.700 30,000 5 6,000 2.000 26,000 UNUN